Create an open investment environment for businesses and investors

Overview of the Forum. Photo: MPI

In his opening speech at the Forum, Secretary of the Da Nang Party Committee Truong Quang Nghia said that the City's infrastructure is invested synchronously and is the most modern in the Central region with a container port with a capacity of 12 million tons of goods, an international airport capable of receiving 12 million passengers and 50,000 tons of goods per year; 6 industrial parks, 1 high-tech park and 1 centralized information technology park are in operation. Da Nang is also the education and training center of the Central region with a fairly comprehensive training system including 24 universities and colleges, 19 professional high schools and 59 vocational training centers. The number of international schools at all levels is increasing, facilitating quality improvementtraining, meeting the human resource needs of businesses. Abundant human resources accounting for 70% of the population, young and highly skilled are a great advantage of Da Nang in attracting investment.

The investment and business environment in Da Nang is constantly being improved towards openness and transparency with attractive investment incentive policies. Da Nang city was voted by the business community as having the best business environment in Vietnam with 7 times leading the country in the Provincial Competitiveness Index (PCI), leading localities in the Administrative Reform Index - PAR INDEX from 2013 to 2016, and for 6 consecutive years in the group of localities with the highest rankings in the Provincial Public Administration and Management Performance Index (PAPI) since 2011 - 2016.

Through the Forum, Da Nang city wishes to introduce and promote to the domestic and foreign business community the city's development prospects with new investment opportunities and specific investment incentive policies. This is an opportunity for businesses to propose opinions to Government leaders as well as City leaders for direction and solutions to remove barriers and obstacles in the investment and business process.

At the Forum, leaders of Da Nang city introduced key projects and fields that are calling for investment such as infrastructure, high-tech agriculture, high technology, information technology, tourism, healthcare, education..., and also proposed that the Government promulgate specific policy mechanisms to create motivation for Da Nang's breakthrough development such as a special incentive mechanism for Da Nang High-Tech Park. Da Nang, key tourist cluster in the Central region, Lien Chieu Port development...

Speaking at the Forum, Minister of Planning and Investment Nguyen Chi Dung said that Da Nang needs to build a clear strategic development orientation, with a new, longer-term vision, the starting point of which is an overall strategic development plan in an integrated direction, of which the most important is spatial planning associated with the orientation of prioritizing the development of specific industries and fields, associated with priorities in investment attraction policies. Only then will businesses and investors know which industries, fields, and locations to invest in are effective and long-term. The city needs to proactively adjust strategies and orientations to attract investment in competitive fields and industries. At the same time, better prepare the conditions for receptionReceive effective investment in infrastructure, land, energy, and human resources. Besides, Da Nang needs to innovate investment promotion methods and continue efforts to maintain a business investment environment. Strengthen "Regional Economic Development Linkage" activities to form a unified economic space of the region...

Minister Nguyen Chi Dung expressed his belief that, with all these conditions, combined with the advantages that the City has, the business community and investors will make good use of all opportunities from the movement of Da Nang, cooperating and investing with Da Nang for the common goal of building a civilized, modern city of Da Nang with prosperous businesses.

Speaking at the Forum, Prime Minister Nguyen Xuan Phuc said that this is a very important event before the APEC Summit Week to be held in Da Nang in early November. At the same time, it is an opportunity for the Da Nang city government to meet, exchange and introduce new investment opportunities to investors, and an opportunity for Da Nang city to continue improving the business investment environment, building an honest, constructive government, serving people and businesses. Prime Minister Nguyen Xuan Phuc highly appreciated the dynamism and creativity of the Da Nang city government in proactively investing in modern infrastructure, training high-quality human resources, reforming administrative procedures, and collecting revenue.attracting many domestic and foreign investment projects in the fields of production and services, contributing to building Da Nang city into a major seaport city, a national urban center, and one of the country's key development keys.

Prime Minister Nguyen Xuan Phuc proposed that, in the coming time, Da Nang city needs to focus resources, promote the spirit of creativity and dynamism in improving the city's competitiveness, creating an open investment environment for businesses and investors. Accordingly, it is necessary to focus on accelerating investment progress in important infrastructure projects to resolve important bottlenecks in goods circulation; Soon complete the Project on pilot breakthrough preferential policy mechanism applied to key tourism clusters in the Central region; Continuing to maintain the top results in the PCI Provincial Competitiveness Index, moreover, it is necessary to go from numbers to actions, deploying specific policies to gradually remove bad habits.c barriers in the investment process. This is the most important foundation to build business trust;…

At the Forum, delegates witnessed the registered investment capital, investment policy decisions, investment research commitments, and impressive investment loan agreements with a total value of more than 1 billion USD. This affirms the confidence of investors and businesses in the investment environment of Da Nang city.

Within the framework of the Forum, a series of rich activities took place including thematic conference sessions introducing investment opportunities and investment incentive policies in the field of tourism development and infrastructure development; The official conference session discussed the city's development strategy and encouraged investment areas, breakthroughs to promote Da Nang's competitive advantages so that the city becomes the international economic center of Vietnam; Exhibition on socio-economic development achievements of Da Nang.../.